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FeedsFarm.com > Developers Diversified Realty: Developers Diversified Realty Announces Its Participation in a Non-Binding Proposal to Acquire ShopKo Stores, Inc.

Developers Diversified Realty: Developers Diversified Realty Announces Its Participation in a Non-Binding Proposal to Acquire ShopKo Stores, Inc.

3rd Oct 2005, 20:26 GMT

CLEVELAND, OH (MARKET WIRE) Developers Diversified Realty (NYSE: DDR) announced today that it is part of a consortium of investors that has submitted a non-binding proposal contemplating an all cash acquisition of ShopKo Stores, Inc. (NYSE: SKO) for $26.50 per share. The other investors in the consortium are Sun Capital Partners Group IV, Inc., Elliott Management Corporation and Lubert-Adler Partners. ShopKo previously

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